Overview
- Bitcoin hovered in the mid-to-high $60,000s after a choppy week, with options data showing a sustained 13% put premium over calls that points to elevated odds of a $60,000 support test.
- Spot Bitcoin ETFs recorded roughly $4 billion in net outflows over the past five weeks, removing a major source of buy-side support and reinforcing the defensive tone.
- On-chain data showed about $8.24 billion in whale-held BTC flowing into Binance over 30 days, concentrating potential sell supply on the largest venue.
- Ethereum traded below the realized price of major whale cohorts and struggled to reclaim $2,000, a setup analysts liken to late-stage redistribution risk.
- XRP liquidity has thinned with $1.30 flagged as critical near-term support, while roughly 200 million XRP exited Binance over ten days in withdrawals consistent with moves to private custody.